Month: <span>December 2022</span>
Month: December 2022

China orders Futu, Tiger Brokers to rectify “illegal operations”, stop offering cross-border securities services to new onshore investors

China’s securities regulator ordered Futu Holdings and UP Fintech Holdings Ltd, which operates Tiger Brokers, to rectify their “illegal operations” and stop providing new onshore investors access to global equities.

China to continue uphold objective, fair stance on Ukraine issue – Chinese President Xi told Russian President Putin

China’s President Xi Jinping said that the road to peace talks on Ukraine would not be smooth and China would continue to uphold its “objective and fair stance” on the issue, during a video call with Russian President Vladimir Putin, according to China’s broadcaster CCTV.

China’s coal demand to peak at 4.08 bn tonnes in 2024, natural gas demand to peak in 2040 – research

China’s annual coal consumption is expected to reach a peak of 4.08 billion tonnes in 2024, accounting for 50% of the country’s total primary energy mix, according to a report released by a research institute of China’s energy giant Sinopec Group.

Chinese property developers trade higher on expectations of further relaxation of real estate policy

An index tracking mainland-listed real estate developers, compiled by Wind Information, is trading more than 1% higher. Property developers based in Guangdong province are outperforming, with Shenzhen Zhenye surging by the daily limit of 10% and Shenzhen Special Economic Zone Real Estate and Properties up more than 7%.

China to further open up capital markets, set up mechanism for regular China-US cooperation in audit supervision – top securities regulator

China will promote high-quality opening of the capital markets, expand the Mainland – Hong Kong Stock Connect scheme and establish a mechanism for regular cooperation on audit supervision between Chinese and US to create a more stable and more predictable environment for international regulatory cooperation, said the China Securities Regulatory Commission (CSRC).